# Mathematical Economics Solved MCQs

1.

## The intercept term,β1, is absent in.................. model.

A. regression through the origin
B. lin log model
C. log lin model
D. ols model
Answer» A. regression through the origin
2.

A. non linear
B. linear
C. functional
D. dependent
3.

A. always
B. sometimes
C. never
D. cannot say
4.

## The slope coefficient ,β2, of ............ model measures elasticity of Y with respect to X.

A. regression through the origin
B. log log model
C. log lin model
D. clrm
5.

## ....................... is a growth model.

A. alinear trend model
B. lin log model
C. log lin model
D. none of the above
6.

## In regression through the origin model, ......................... is absent.

A. the intercept term ,β1
B. the slope coefficient ,β2
C. error term
D. explanatory variables
Answer» A. the intercept term ,β1
7.

## Econometrics is concerned with

A. empirical support to economic theory
B. quantitative analysis of economic data
C. use of tools of mathematics and statistical inference
D. all of the above
Answer» D. all of the above
8.

## Which of the following is the combination of economic theory, mathematical economics and economic statistics

A. econometrics
B. statistics
C. mathematics
D. quantitative economics
9.

## The first step in traditional econometric methodology is

A. statement of theory
B. forecasting
C. obtaining data
D. estimation of the model
10.

## Which of the following discipline express the economic theory in mathematical form

A. econometrics
B. statistics
C. mathematics
D. mathematical economics
11.

A. negative
B. positive
C. non linear
D. infinite
12.

A. α
B. β
C. p
D. q
13.

## In the Keynesian linear consumption function Y=β1+β2X, Y represents

A. income
B. consumption expenditure
C. output
D. price
14.

## In the Keynesian linear consumption function Y=β1+β2X, β1 is

A. slope coefficient
B. intercept coefficient
C. output coefficient
D. none of the above
15.

## In the Keynesian linear consumption function Y=β1+β2X, the parameters of the model are

A. β1and β2
B. . β1and x
C. x and y d. y an
D. β2
16.

A. β1
B. x
C. y
D. β2
17.

## if the model has only one equation, the model is called

A. single equation model
B. multiple equation model
C. variable equation model
D. none of the above
18.

## if the model has more than one equation, the model is called

A. single equation model
B. multiple equation model
C. variable equation model
D. none of the above
19.

A. β1
B. x
C. y
D. β2
20.

A. β1
B. x
C. y
D. β2
21.

## the variable appearing on the left side of the equality sign is called

A. dependent variable
B. independent variable
C. explanatory variable
D. none of the above
22.

A. always
B. sometimes
C. never
D. cannot say
23.

## the variable appearing on the right side of the equality sign is called

A. independent variable
B. explanatory variable
C. all of the above
D. none of the above
Answer» C. all of the above
24.

## independent variables are also known as

A. explanatory variables
B. dependent variable
C. implicit variable
D. static variable
25.

A. income
B. consumption
C. price
D. output